Crypto Market Sentiment Jumps Back Into Positive Zone; Litecoin Takes Top
April 05, 2021
Source: iStock/honglouwawa While its two-week-long undecidedness had then been followed by a drop, over the course of the past week the market sentiment jumped up and back into the positive zone. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins took a relatively large step up from 5.69 recorded a week ago to 6.03 seen today - just over the line marking the positive zone - as seen in the data provided by crypto market sentiment analysis site Omenics.
Improvements over the week prior can be seen across the board. For one, only two coins are now red, which is the exact opposite of the last week's situation. These two coins are uniswap (UNI) and tether (USDT), which dropped 5.3% and 2.2%, respectively.
Though a relatively minor drop, the latter still pushed tether back below the score of 5 and back to being the only coin in the 4-4.9 score zone. This comes after it finally reached the grade of 5 last week, being one of only two green coins at the time.
The other was XRP, but this one remained green this week too, though its score rise is the lowest among the eight: 1%. The honor of the highest rise belongs to litecoin (LTC) this time around, and after it saw the largest drop among its peers last week. LTC went up 14.6%, regaining what it had lost and gaining some. It's followed by binance coin (BNB)'s 11.6% and chainlink (LINK)'s 9.3%.